Welcome to our dedicated page for Trinity Place news (Ticker: TPHS), a resource for investors and traders seeking the latest updates and insights on Trinity Place stock.
Trinity Place Holdings Inc. (TPHS) generates news that reflects its focus on intellectual property, real estate structures and capital markets activity. Company releases describe Trinity Place Holdings as an intellectual property holding, investment and commercialization company, and also as a real estate holding, investment, development and asset management company through joint venture interests. Its news updates provide detail on how it manages and monetizes consumer-focused intellectual property and how it structures its real estate and financing arrangements.
Recent announcements highlight quarterly financial results, where the company reports revenues, operating losses or income, and the impact of items such as pension settlement charges and interest expense. These releases also explain changes in revenue composition, including the shift of certain rental and condominium sales revenues into a joint venture entity, and the resulting management fee income earned by Trinity Place Holdings.
News items also cover strategic and capital transactions, such as recapitalization transactions, the formation and modification of the TPHGreenwich joint venture, the transfer of joint venture interests into a trust for the benefit of shareholders, and stock purchase agreements with affiliates of Steel Partners Holdings L.P. Additional disclosures describe the issuance of a Senior Secured Promissory Note to a Steel Partners affiliate, stock repurchases from shareholders, and amendments to the companys charter related to transfer restrictions intended to help preserve net operating loss tax benefits.
Another recurring theme in TPHS news is exchange listing and compliance. The company has reported communications from the NYSE American regarding continued listing standards, including stockholders equity and low trading price requirements, and has described a plan of compliance and a cure period. Later releases identify TPHS as trading on the OTC PINK market. For investors and observers, following TPHS news offers insight into the companys financial performance, intellectual property strategy, real estate structures, tax attributes and evolving capital structure.
Trinity Place Holdings (OTC PINK: TPHS) reported results for the quarter ended September 30, 2025. The company reported consolidated total assets of $0.6M and a steel promissory note outstanding of $1.312M under a $5.0M facility. For the nine months ended Sept 30, 2025, the company recorded a net loss of $4.454M and recognized a $2.6M non-cash pension settlement charge plus a $0.5M estimated excise tax. Management reported federal NOL carryforwards of $330.7M with a valuation allowance of $91.5M. The company executed small share repurchases and retained a Steel services agreement at $10,000/month.
Trinity Place Holdings (OTC PINK: TPHS) reported challenging financial results for Q2 2025. The company experienced a significant revenue decline to $0.0 million, down 100% from $0.4 million in Q2 2024. The quarterly net loss improved to $(0.5) million, or $(0.01) per share, compared to a loss of $1.7 million, or $(0.03) per share, in the same period last year.
For the first half of 2025, revenue dropped 91% to $0.2 million from $2.7 million year-over-year. The company reported a net loss of $4.2 million, or $(0.06) per share, compared to net income of $7.1 million, or $0.12 per share, in the first half of 2024.
Trinity Place Holdings (OTC: TPHS) has announced the transfer of its joint venture membership interests in TPHGreenwich Holdings LLC into a trust that will benefit TPHS shareholders. The transfer, effective May 20, 2025, includes the company's right to distributions under TPHGreenwich's Second Amended and Restated Limited Liability Company Operating Agreement. The trust agreement documentation is available for review on the company's website.
Trinity Place Holdings Inc. (NYSE American: TPHS) announced an update on its strategic review process to maximize shareholder value. The company has engaged Houlihan Lokey and Ackman Ziff as financial advisors to evaluate various strategic alternatives, which may include financing options, mergers, or sales. However, there is no guarantee that this review will yield a conclusive outcome, and no timetable has been set for its completion. The company’s largest asset is a mixed-use project at 77 Greenwich Street in New York City, nearing completion. As of September 30, 2022, TPHS reported net operating loss carryforwards of approximately $268 million.
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